Iceland vs India: Taxes on income, profits and capital gains
Iceland
34.6%
in 2023
India
34.8%
in 2022
Iceland rank
32nd
India rank
29th
Taxes on income, profits and capital gains over time
- Iceland
- India
How they compare
India currently reports 34.8% against 34.6% in Iceland, a difference of 0.2%.
The two have swapped places 4 times across 46 shared years of data; in 1974 it was India ahead.
Iceland ranks 32nd and India ranks 29th of 153 countries.
Across the 6 decades both report, Iceland averaged higher in 1 and India in 5.
Head to head by decade
| Decade | Iceland | India | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 10.1% | 20.5% | 10.4% | India |
| 1980s | 10.6% | 16.0% | 5.5% | India |
| 1990s | 21.5% | 20.5% | 1.0% | Iceland |
| 2000s | 26.0% | 36.3% | 10.3% | India |
| 2010s | 25.9% | 45.3% | 19.4% | India |
| 2020s | 32.9% | 34.8% | 2.0% | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Iceland or India?
- India, at 34.8% against 34.6% in Iceland as of 2022.
- What is the difference in taxes on income, profits and capital gains between Iceland and India?
- 0.2%, with India ahead.
- How many years of comparable data are there for Iceland and India?
- 46 years are reported by both, from 1974 to 2022.
- How do Iceland and India rank globally for taxes on income, profits and capital gains?
- Iceland ranks 32nd and India ranks 29th of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.